Equities Analysts Issue Forecasts for Civeo FY2027 Earnings

Civeo Corporation (NYSE:CVEO) – Sidoti lifted their FY2027 earnings per share (EPS) estimates for Civeo in a research report issued on Monday, July 6th. Sidoti analyst S. Ferazani now expects that the business services provider will post earnings per share of $0.52 for the year, up from their prior forecast of $0.49. The consensus estimate for Civeo’s current full-year earnings is ($1.10) per share.

Separately, Weiss Ratings raised shares of Civeo from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Civeo has a consensus rating of “Hold” and a consensus target price of $37.00.

Civeo Trading Down 1.2%

CVEO opened at $31.64 on Tuesday. The company has a quick ratio of 1.81, a current ratio of 1.88 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $346.10 million, a price-to-earnings ratio of -26.59 and a beta of 0.73. The company has a 50-day simple moving average of $33.30 and a 200 day simple moving average of $29.00. Civeo has a twelve month low of $19.75 and a twelve month high of $36.50.

Civeo (NYSE:CVEO) last issued its quarterly earnings data on Friday, May 1st. The business services provider reported ($0.34) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.27. The company had revenue of $172.67 million for the quarter, compared to analyst estimates of $154.70 million. Civeo had a negative net margin of 2.10% and a negative return on equity of 7.72%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Clearstead Advisors LLC boosted its position in shares of Civeo by 191.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,538 shares of the business services provider’s stock worth $35,000 after purchasing an additional 1,011 shares in the last quarter. Punch & Associates Investment Management Inc. raised its stake in Civeo by 0.8% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 275,585 shares of the business services provider’s stock worth $6,338,000 after buying an additional 2,115 shares during the period. State of Wyoming acquired a new position in Civeo during the 2nd quarter worth approximately $66,000. Lido Advisors LLC boosted its holdings in Civeo by 12.7% in the fourth quarter. Lido Advisors LLC now owns 25,909 shares of the business services provider’s stock worth $596,000 after acquiring an additional 2,916 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in Civeo by 9.4% in the first quarter. Ritholtz Wealth Management now owns 40,352 shares of the business services provider’s stock worth $1,068,000 after acquiring an additional 3,470 shares in the last quarter. Institutional investors and hedge funds own 81.44% of the company’s stock.

About Civeo

Civeo Corporation is a leading provider of workforce accommodations and integrated facility management services, primarily serving the oil and gas, mining, and construction sectors. The company specializes in the development, ownership, and operation of remote lodging facilities, commonly known as “man camps,” designed to house workers in geographically challenging environments. Its services include turnkey accommodations, catering, housekeeping, grounds maintenance, and logistical support, tailored to meet the needs of large-scale energy and resource projects.

With a network of lodges and villages across North America and Australia, Civeo caters to clients operating in regions such as Alberta’s oil sands, the Bakken shale play, and Australia’s Pilbara and Bowen Basin mining districts.